Simran Monga Company's total stockholders' equity at the beginning of the year was $200,000. During the year the company reported the following:Net loss of $30,000.Common Stock issued in exchange for land totaling $80,000.Collections of accounts receivable $40,000.Borrowed $20,000 from a stockholder.Dividends declared and paid totaling $2,000.What is the total stockholders' equity at the end of the year? A. $348,000. B. $288,000.C. $248,000. D. $168,000 Answer is C , explain how you get to 248000

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.